Property News · March 21, 2018

Henderson Land’s underlying profit rises 38 per cent, beats estimates


Henderson Land Development, owned by one of Hong Kong’s wealthiest families, revealed it holds majority stakes in 51 projects to redevelop old tenement buildings in the city as it reported better-than-expected underlying profit.
Excluding revaluation gains on investment properties, underlying profit jumped 38 per cent to HK$19.55 billion in the year to December, the company said in a filing to the Hong Kong stock exchange on Wednesday.
That was higher than the HK$14.2 billion average…

Source : South China Morning Post
Read more…Henderson Land’s underlying profit rises 38 per cent, beats estimates

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